GERFF - Glen Eagle is successfully ramping up operations in Honduras

(TheNewswire)

TheNewswire - December2 , 2021 - Glen Eagle Resources, (TSX V :GER) (OTC:GERFF) ( “ Glen Eagle ”the “ Company”, or “ GER ”) is pleased to announce that the ramp-up operation has progressed verysuccessfully throughout the month of October at Cobra Oro goldprocessing plant in Honduras according to Karl Trudeau, Glen Eaglenewly elected COO.

Recovery results for gold were 88.99% and 67.55% for silver , allowing theCompany to nearly cover its operation cost despite a GPT of 1.93 g/Auper ton, demonstrating to our shareholders that the ramp up plan isworking well despite processing low grade ore with limited throughputin October, which has been offset by improved efficiency at all levelof Cobra Oro operations. Feed grade in November had already increasedto approximately 3.7 g/Au per ton with continued focus in ramping upCobra’s operations and working to develop joint venture agreementswith local concession owners currently working with the Company.

The drilling results announced last week with bothdrill holes LE-21-002 intersecting on surface 3.04 g/Au over 30.8meters and drill hole LE-21-001 returning 6.04 g/t Au over 8.2 meters,the Company can expect GPT to increase significantly, allowing CobraOro to become cash flow positive in the very near term.

Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.”

Jean Labrecque

Glen Eagle Resources Inc

2075 Victoria Street, Suite 201

St-Lambert, Quebec

J4S-1H1

514-808-9807

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